REUTERS
Chinese investors invested $1.03 trillion in foreign property, stocks and bonds in the decade to mid-2015, British property services firm Knight Frank calculates in its annual Wealth Report released on Wednesday, according to Reuters.
Liam Bailey, global head of research at Knight Frank, said Chinese investors had stepped up their interest in British property in the last three years, in a bid to diversify their portfolios, as reported by Reuters.
"In terms of foreign nationalities active in London's residential market right now, Chinese buyers – in terms of numbers of units that they are buying – are the biggest single nationality," he said.
Read alsoChina rating outlook cut to negative by Moody'sBailey said he expected more money to flow from China into British and U.S. property in the next decade than the last one, but volumes would depend on policy decisions in Beijing.
"Giving Chinese investors the ability to diversify their wealth to other international markets could help take the pressure off domestic markets," he added.
The threat of a domestic economic slowdown is encouraging Chinese citizens and companies to funnel more wealth abroad, posing a challenge for the authorities in Beijing.